City of Rock Falls Finance/Insurance/Investment Committee Agenda 2026-06-23
Police Patrol Vehicle Lease Approved via Tax Exempt Leasing
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Description
The Finance Committee approved a three-year lease purchase agreement for two police patrol vehicles through Tax Exempt Leasing Corp, with first payment of $56,313.40 due FY 2028.
Contract Details
Contract Amount
$56,313.40 (first payment due FY 2028), lease purchase
Vendor
TAX EXEMPT LEASING CORP
Agency
City of Rock Falls, IL
Contract Type
FINANCIAL_SERVICES
Document Date
June 20, 2026
Contract Term
Three-year lease purchase (payments in arrears)
Renewal Info
Three-year lease purchase structure; payments in arrears.
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